Figures from the Ho Chi Minh City Department of Construction show that in the first nine months of 2022 the city had 21 capital-funded housing projects with 11,600 dwellings sold, including 10,166 apartments, or 87.6 per cent of the total, and 1,434 low-rise houses, or 12.4 per cent. Of these, 9,305 were high-end apartments, or 80.2 per cent.

As an industrial area, southern Binh Duong province will focus on developing social housing projects to meet needs and support workers. The province aims to build a million houses for workers in the 2021-2025 period.

Some 11.9 million houses on a total area of 1.032 billion square meters are to be renovated or built around Vietnam under targets within the draft National Housing Strategy for the 2021-2030 period. The average housing area per capita will reach 30 square meters by 2030.

With the pandemic and its ill-effects still lingering, many people are struggling to pay their rent and have had to end their leases. Large numbers of vacant properties mean the rental housing market is no longer so appealing among investors. It has been forecast that rental housing may remain inactive for at least another year.